Canny insiders - with the help of advisers among investment banks - are steadily eroding shareholder rights. There is opposition but it is piecemeal and split. Reality is, if the major fiduciaries in the asset management business would get together and put their feet down this unhealthy development would be stopped very quickly. I would not go so far as to call these structures the biggest threat to financial markets but they are just one more factor behind the continuous increase in Inequality.
(27-Mar-2019)
Dual-class structures biggest threat to financial markets
Hat tip to Aon’s Karla Bos for alerting us that State Street Global
Advisors has released its “Global Proxy Voting & Engagement Policy” –
effective for vot...
1 day ago
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